<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"><html xmlns="http://www.w3.org/1999/xhtml"><head><title>R: Cost Function for Electricity Producers</title>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
<link rel="stylesheet" type="text/css" href="R.css" />
</head><body>

<table width="100%" summary="page for Electricity"><tr><td>Electricity</td><td style="text-align: right;">R Documentation</td></tr></table>

<h2>Cost Function for Electricity Producers </h2>

<h3>Description</h3>

<p>a cross-section from 1970 to 1970
</p>
<p><em>number of observations</em> :  158
</p>
<p><em>observation</em> :  production units
</p>
<p><em>country</em> :  United States
</p>


<h3>Usage</h3>

<pre>data(Electricity)</pre>


<h3>Format</h3>

<p>A dataframe containing :
</p>

<dl>
<dt>cost</dt><dd><p>total cost</p>
</dd>
<dt>q</dt><dd><p>total output</p>
</dd>
<dt>pl</dt><dd><p>wage rate</p>
</dd>
<dt>sl</dt><dd><p>cost share for labor</p>
</dd>
<dt>pk</dt><dd><p>capital price index</p>
</dd>
<dt>sk</dt><dd><p>cost share for capital</p>
</dd>
<dt>pf</dt><dd><p>fuel price</p>
</dd>
<dt>sf</dt><dd><p>cost share for fuel</p>
</dd>
</dl>



<h3>Source</h3>

<p>Christensen, L.  and  W. H.  Greene (1976) &ldquo;Economies of scale in U.S. electric power generation&rdquo;, <em>Journal of Political Economy</em>, <b>84</b>, 655-676.
</p>


<h3>References</h3>

<p>Greene, W.H. (2003) <em>Econometric Analysis</em>, Prentice Hall, <a href="http://www.prenhall.com/greene/greene1.html">http://www.prenhall.com/greene/greene1.html</a>, chapter 4, 317-320.
</p>
<p>Hayashi, F. (2000) <em>Econometrics</em>, Princeton University Press, <a href="http://fhayashi.fc2web.com/hayashi_econometrics.htm">http://fhayashi.fc2web.com/hayashi_econometrics.htm</a>, chapter 1, 76-84.
</p>


<h3>See Also</h3>

<p><code>Index.Source</code>, <code>Index.Economics</code>, <code>Index.Econometrics</code>, <code>Index.Observations</code></p>


</body></html>
